BUY XRPUSD on a close above $1.0465 on the 5 minute chart, w Targets of $1.21 and $1.51!
Price action has been very supportive of a next move up, since it has been consolidating above the $1 level (Fib retracement level) for quite a few hours now.
The next Fib levels are at $1.21 and $1.51. Stop loss should be placed at $0.89.
At the first target level of $1.21, take 50% of your position off the table and trail the rest with a close below the 21 EMA on the 60 minute chart.
The extended target of ours at $1.51 will also represent the 5th wave of the upward move for XRPUSD.
Happy Trading
Lindosskier
Price action has been very supportive of a next move up, since it has been consolidating above the $1 level (Fib retracement level) for quite a few hours now.
The next Fib levels are at $1.21 and $1.51. Stop loss should be placed at $0.89.
At the first target level of $1.21, take 50% of your position off the table and trail the rest with a close below the 21 EMA on the 60 minute chart.
The extended target of ours at $1.51 will also represent the 5th wave of the upward move for XRPUSD.
Happy Trading
Lindosskier
Comment:
As of 6:50 am today 12/23/17, we are in the trade at $1.0484